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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Participate in the estimation and preparation of cost budgets for an element of work and monitor and control actual cost against budget 
SAQA US ID UNIT STANDARD TITLE
10134  Participate in the estimation and preparation of cost budgets for an element of work and monitor and control actual cost against budget 
ORIGINATOR
SGB Project Management 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Project Management 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular-Fundamental  Level 4  NQF Level 04  6 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2005-02-09  2005-11-30  SAQA 1058/05 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2006-11-30   2009-11-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard is replaced by: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
120375  Participate in the estimation and preparation of cost budget for a project or sub project and monitor and control actual cost against budget  Level 4  NQF Level 04  6   

PURPOSE OF THE UNIT STANDARD 
This unit standard forms part of the qualification, National Certificate Project Management and is registered at Level 4 on the National Qualifications Framework. Learners accessing this standard will be involved in project management teams or involved in building small project management teams. These projects may be technical projects, business projects or developmental projects and will cut across a range of economic sectors. This standard will also add value to learners who are running their own business and recognise that project management forms an integral component of any business.

The qualifying learner is capable of:
  • Identifying elements and resources to be costed through interpreting the project scope statement, work breakdown structure and other project data.
  • Participating in the preparation and production of a cost budget.
  • Contributing to the monitoring and controlling of cost budget performance by maintaining records and communicating. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
  • Learners accessing this qualification will have demonstrated competence in mathematics and communication skills at NQF level 3 or equivalent.
  • Learners accessing this qualification will have demonstrated competence in computer literacy and applicable software at NQF level 3 or equivalent. 
    		•

    UNIT STANDARD RANGE 
  • Project level will include working as a leader in the context of a small project / sub-project involving few resources and having a limited impact on stakeholders and the environment or working as a contributing team member on a medium to large project when not a leader.
  • Projects will include all projects including technical, developmental and business related projects.
  • Elements of work including projects, sub projects, phases of a projects, stages, tasks or activities or work packages.
  • Elements of costing and budgeting including, forecasting, estimating.
  • Fixed costs including rent, labour and overheads.
  • Variable costs including materials, equipment, transport and resource. 
    		•

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Identify elements and resources to be coasted through interpreting the project 
    OUTCOME NOTES 
    Identify elements and resources to be coasted through interpreting the
    project scope statement, work breakdown structure and other project
    data. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1.The work elements are identified and extracted from data. 

    ASSESSMENT CRITERION 2 
    2.The elements of cost are identified and explained. 

    ASSESSMENT CRITERION 3 
    3.Interpretation of the scope statement is done using established methods and
    procedures to ensure validity. 

    SPECIFIC OUTCOME 2 
    Participate in the preparation and production of a cost budget 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1.The elements of cost for each work package are estimated. 

    ASSESSMENT CRITERION 2 
    2.A cost budget is documented in agreed format and within agreed time frames. 

    ASSESSMENT CRITERION 3 
    3.Underlying assumptions of the estimate are explained, motivated and documented. 

    ASSESSMENT CRITERION 4 
    4.Approval is obtained for the budget from higher authority in accordance with
    established standards and procedures. 

    ASSESSMENT CRITERION 5 
    5.Cost budget figures balance and are correct. 

    SPECIFIC OUTCOME 3 
    Contribute to the monitoring and controlling of cost budget 
    OUTCOME NOTES 
    Contribute to the monitoring and controlling of cost budget performance by
    maintaining records and communicating. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1.Cost budget is communicated in a manner that ensures all relevant parties are clear
    on its contents. 

    ASSESSMENT CRITERION 2 
    2.Actual cost against the budget elements are obtained and records updated correctly. 

    ASSESSMENT CRITERION 3 
    3.Deviations of actual against budgeted costs are identified and communicated to
    higher authority. 

    ASSESSMENT CRITERION 4 
    4.Opportunities for corrective action or improvement are identified and
    communicated to relevant individuals/teams. 

    ASSESSMENT CRITERION 5 
    5.Financial records are maintained according to agreed standards and procedures and
    within agreed time frames. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    Providers will be accredited against this unit standard and assessors registered by the relevant Education Training Quality Assurance Body (ETQA). 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • A fairly in-depth understanding of the principles and techniques for costing an element of work.
  • A comprehensive understanding of the methods and techniques for preparing budgets.
  • A basic understanding of the methods and techniques for monitoring and controlling budgets.
  • A comprehensive understanding of the fixed and variable costs and the characteristics of each.
  • A comprehensive understanding of the basic pricing principles.
  • A basic understanding of the time value of money.
  • A comprehensive understanding of the calculation of percentages and compound interest.
  • A broad understanding of spreadsheets.
  • A sound understanding of generally accepted accounting practices (GAAP).
  • A broad understanding of the Public Finance Management Act (PFMA) and how it applies to the project. 
    		•


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems pertaining to cost budgets. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others when monitoring cost budgets. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information pertaining to the estimating, preparing and monitoring cost budgets. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively with relevant parties regarding elements of the cost budget. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology to estimate and prepare cost budgets for a project. 

    UNIT STANDARD NOTES 
    This unit standard has been replaced by unit standard 120375, which is "Participate in the estimation and preparation of cost budget for a project or sub project and monitor and control actual cost against budget", Level 4, 6 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  49600   National Certificate: Development Practice  Level 3  NQF Level 03  Passed the End Date -
    Status was "Reregistered"     		 2009-05-13  Was ETDP SETA until Last Date for Achievement 
    Core  48818   Further Education and Training Certificate: Arts and Culture Administration  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  CATHSSETA 
    Core  21160   National Certificate: Generic Project Management  Level 4  NQF Level 04  Passed the End Date -
    Status was "Registered"     		 2005-04-10   
    Core  49794   National Diploma: Productivity  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  SABPP 
    Core  48801   National Diploma: Specialised Translation  Level 7  Level N/A: Pre-2009 was L7  Passed the End Date -
    Status was "Reregistered"     		 2018-12-31  CHE 
    Elective  49093   Further Education and Training Certificate: Child and Youth Care Work  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2008-02-06  Was HW SETA until Last Date for Achievement 
    Elective  49531   Further Education and Training Certificate: Inclusive Education  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  ETDP SETA 
    Elective  48909   Further Education and Training Certificate: Sanitation Project Facilitation  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  EWSETA 
    Elective  48730   National Certificate: Maintenance of High-speed Production Processes (Fast-moving Consumer Goods)  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2015-06-30  FOODBEV 
    Elective  49743   National Certificate: Manufacturing Management  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  FOODBEV 
    Elective  49023   National Diploma: Liaison Interpreting  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  QCTO 
    Elective  48784   National Diploma: Translation  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered"     		 2018-12-31  CHE 
    Elective  48785   National Certificate: Specialised Translation  Level 6  Level TBA: Pre-2009 was L6  Passed the End Date -
    Status was "Reregistered"     		 2018-12-31  CHE 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. Employ and Empower Deaf (Pty) Ltd 
    2. ERGO MAPHELONG INSTITUTE (PTY) LTD 
    3. Sibikwa Arts Centr 


    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.